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Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-03-2017

Thursday, March 2, 2017 23:15
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 Mtechtips MCX-SX EURINR INTRADAY trading analysis 03-03-2017

 

Mtechtips :-  Euro is weakening against Indian Rupee .Currently Euro is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The EURINR is now trading in oversold level. The EURINR is now trading in oversold level. The oscillator is showing BUY signal For short term Euro is in HOLD SHORT position.Positionally Immediate support for EURINR is 70.12.Resistance for the EURINR is 71.2-71.41-72.1-72.13-72.36-72.78-74.17-

In medium term Euro is relatively strengthening against Yen- Dollar- Pound- In long term Euro is relatively strengthening against Dollar- Pound-

Short term and Intraday Level of Euro with Rupee

 

Currently EURINR is in HOLD LONG position EURINR is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 70.811 with a stop at 70.339 Below 70.279 go for sell

WWW.MTECHTIPS.COM

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